Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: What's the advantage of BRC20 compared to other Bitcoin token mechanisms?
by
nutildah
on 06/05/2023, 05:39:22 UTC
⭐ Merited by d5000 (1)
The most popular - until BRC20 emerged - was Omni (2013) which seems to be continuosly updated and improved.

Hardly anybody uses Omni outside of Tether, which has largely migrated elsewhere. Some years back Tether forced a fork so they could perform rollbacks if need be and Omni went along with it. Since then, its been terribly unpopular.

https://tether.to/en/tether-critical-announcement/

In terms of tx volume, Counterparty is by far the more popular tokenization protocol for BTC, and it will be once again after the Ordinals fad dies down.